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How much to leave for federal withholding when cashing out IRA?
How much to leave for federal withholding when cashing out IRA? I have an IRA account which I'd like to cash out due some financial needs. The account has a box for tax withholding, which shows 10% as a default. It's adjustable though. Our last year taxes were sorta low (close to 0), and this year may be lower as I am currently unemployed and spouse probably will do like 60k tops this year. Should I do the w...
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